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Aqualand Group nabs $600m funding package
Hall & Wilcox has advised Aqualand Group on a new funding package, which it will utilise to complete the construction of a major property development project.
Emma Musgrave
Firm: Hall & Wilcox (Aqualand Group)
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Deal: Aqualand Group has been granted a new funding package.
Value: $600 million
Area: Finance
Key players: The Hall & Wilcox team was led by partner Mark Inston and senior associate Angelica Huang.
Partners Ranny Fan (pictured) and Eugene Chen, senior associate Joy-Yi Zhao and lawyer Sarah Khan managed the corporate side of the funding, supported by partner Jennifer Degotardi and lawyer Victoria Cai on property and special counsel Ben Cotter on construction.
Deal significance: Aqualand Group is an Australia-headquartered integrated property developer.
According to a statement from Hall & Wilcox, Aqualand Group will use the finance to complete the construction of AURA by Aqualand, a $1 billion mixed-use development, which is set to be the focal point of the transformation and rejuvenation of North Sydney.
Commenting on the deal, partner Ranny Fan said: “It was a privilege to have supported Aqualand Group on this significant transaction.
“This landmark funding arrangement demonstrates Aqualand Group’s continuous strong growth in property development in Sydney.
“It’s a true team effort and an excellent example of Hall & Wilcox’s ability to provide a full-service and collaboration across several practice groups to deliver a desirable outcome for our client.”
